Tag: Economic

© Reuters. FILE PHOTO: Hot dog sausages are seen in a supermarket, as inflation continues to hit consumers with the annual CPI increasing 8.3% in the 12 months through April, in Los Angeles, California, U.S. May 27, 2022. REUTERS/Lucy Nicholson (Reuters) – The Federal Reserve needs to move interest rates much higher and soon if…

© Reuters. FILE PHOTO: Full shelves with fruits are pictured in a supermarket during the spread of the coronavirus disease (COVID-19) in Berlin, Germany, March 17, 2020. REUTERS/Fabrizio Bensch/File Photo BERLIN (Reuters) -German inflation rose to its highest level in nearly half a century in May on the back of soaring energy and food prices,…

© Reuters. FILE PHOTO: A businessman walks near the Bank of Japan headquarters in Tokyo, Japan, Feb. 15, 2016. REUTERS/Thomas Peter/File Photo/File Photo By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s net external assets hit a record 411 trillion yen ($3.24 trillion) in 2021, to retain its position as the top creditor for 31 years in a…

© Reuters. Bank of Japan (BOJ) Governor Haruhiko Kuroda, speaks during an interview with Reuters in Washington, U.S. October 19, 2019. REUTERS/Carlos Jasso/Files TOKYO (Reuters) – Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Friday the country’s core consumer inflation will likely remain around the central bank’s 2% target for 12 months unless energy…

© Reuters. FILE PHOTO: The logo of the Bank of Korea is seen on the top of its building in Seoul, South Korea, March 8, 2016. Picture taken on March 8, 2016. REUTERS/Kim Hong-Ji/File Photo By Cynthia Kim and Joori Roh SEOUL (Reuters) – South Korea’s central bank on Thursday delivered back-to-back interest rate hikes…

© Reuters. FILE PHOTO: Rahul Jain (R), a shopkeeper selling groceries, looks on as he waits for customers at Kasan village in Manesar, in the northern state of Haryana, India, August 11, 2019. REUTERS/Anushree Fadnavis By Krishna N. Das and Aftab Ahmed NEW DELHI (Reuters) – Surging inflation is forcing many poor Indians to rein…

© Reuters. FILE PHOTO: A person pushes a shopping cart in a supermarket in Manhattan, New York City, U.S., March 28, 2022. REUTERS/Andrew Kelly (Reuters) – Wells Fargo (NYSE:WFC) Investment Institute said on Wednesday it adjusted its economic expectations to make a mild U.S. recession its base case for the end of 2022 and early…

© Reuters. By Yasin Ebrahim Investing.com — Federal Reserve Chairman Jerome Powell said Tuesday there was broad support among Fed members to raise the Fed’s benchmark rate by half a percentage point at the next two meetings to curb inflation.   While the Fed can’t control the supply issues driving up inflation, the U.S. central bank…

© Reuters. FILE PHOTO: Governor of the Bank of England Andrew Bailey addresses the media on the Monetary Policy Report at the Bank of England in London, Britain May 5, 2022. Frank Augstein/Pool via REUTERS By David Milliken and Farouq Suleiman LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Monday that the current…

© Reuters. FILE PHOTO: Cranes dot the skyline as the building of luxury hotels and the renovation of historic buildings are underway, in Havana, Cuba May 16, 2017. Picture taken May 16, 2017. REUTERS/Stringer By Dave Sherwood and Nelson Acosta HAVANA (Reuters) – Cuba´s ailing economy has begun to recover in some sectors after two…